The South Pier at Tempe Town Lake project has secured $385 million in construction financing and equity for its first phase. The mixed-use development will encompass 724 residential units, 26,767 square feet of retail space, and amenities like the Arizona Amazing Wheel and a pedestrian bridge. JLL Capital Markets arranged the financing, including $162 million in equity from Cantor Fitzgerald and Silverstein’s Opportunity Zone Fund. The project is located in an Opportunity Zone and is surrounded by the Novus Innovation Corridor and other prominent districts in Tempe.
